Hi and thanks Mel for your response, yes I was considering going back to an interest only loan.
I was made redundant in Sept 2001 and as a result I was forced to sell one of my properties (I had two then) and converted to P&I as I was out of work for almost 2 years. I will be considering refinancing very soon.
Thanks again

Hi everyone and my apologies for some misinformation in my previous post. Firstly thanks for taking the time to respond to my questions. There are several glitches in my request. The loan repayments I referred to ($215/month) were the top up amounts after deducting the rent. ie Loan repayment/ month= $938.00 – $723.00 (rent minus agents…[Read more]